The Bitcoin era gets off to a rocky start in El Salvador

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DPA

Six months ago, Bitcoin was introduced as legal tender in El Salvador, partially in an effort to boost tourism by drawing international cryptocurrency fans. And yet it’s been a rocky beginning for the country’s new legal tender. El Salvador is the first country in the world to allow people to pay using Bitcoin, a decision some viewed as a risky experiment at the time. So far, the verdict appears to be mixed. Tourism levels have risen, with many hotels fully booked during the Easter break, Tourism Minister Morena Valdez told broadcaster TCS. Tourism has risen by 30% since El Salvador introduced…

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